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qualifiziert im Rang zurückgetreten


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21:55 May 30, 2011
German to English translations [PRO]
Bus/Financial - Accounting / annual report
German term or phrase: qualifiziert im Rang zurückgetreten
demnach sie sich im Falle der Zahlungs¬unfähigkeit oder Überschuldung ver¬pflichtet, alle Verbindlichkeiten der Gesell¬schaft, sobald sie fällig geworden sind, in dem Umfange zu erfüllen, als dies zur Be¬sei¬ti¬gung der Überschuldung oder zur Ver¬meidung der Zahlungsunfähigkeit der Gesell-schaft erforderlich ist. Hin¬sichtlich der For¬derungen gegen die Gesellschaft, die aus der Er¬füllung von Ver¬bind¬lich¬keiten im Sinne der vorstehenden Bestimmung erwachsen, ist die XXX qualifiziert im Rang zurückgetreten.
Conny Gritzner


Summary of answers provided
3will be subject to a lower priority in a qualified manner
Raghunathan
3has ceded priority (to other creditors) in a qualified mannerBirgit Gläser


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
has ceded priority (to other creditors) in a qualified manner


Explanation:
This seems to be asking for "vorrangige Gläubiger", those who get their money first before all others, and xxx seems to have given this up in favor of others...

Birgit Gläser
Germany
Local time: 00:17
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 6

Peer comments on this answer (and responses from the answerer)
neutral  Raghunathan: Birgit, xxxx is not conceding anything. The text simply says that xxxx's claim will receive a lower priority in a qualified manner viz-a-viz the claims of other creditors.
2 days2 hrs
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2 days4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
will be subject to a lower priority in a qualified manner


Explanation:
I would certainly prefer a passive construction as it is better to stick to the original.

What I mean is that the claims of xxxxx will be subordinated in comparison to the claims of other creditors.

The other option is:
the claims of xxxxxx will be subordinated in a qualified manner

Raghunathan
Local time: 03:47
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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